FINRA’s 2024 New and Updated Guidelines on AI and GenAI/LLM Integration
In 2024, the Financial Industry Regulatory Authority (FINRA) expanded its guidance on integrating Artificial Intelligence (AI) within the securities industry, placing particular emphasis on generative AI (GenAI) and large language models. This builds upon FINRA’s ongoing efforts since 2020 to ensure that member firms adhere to existing regulatory frameworks while adopting advanced technologies. The recent...
Conduct risk in financial services is a critical area that requires vigilant monitoring and robust surveillance mechanisms. Regulatory bodies, (FCA, FINRA and others) have tightened their scrutiny and financial institutions must adopt advanced approaches to effectively manage and mitigate conduct risk. This webinar will examine the latest methodologies and technologies used to address conduct risk,…
Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.
Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and…
Governance, risk and compliance advisory firm ACA Group has updated its ESG data management platform to provide more flexibility to its private investment clients. The New York-based company has retooled the ACA Vantage for ESG platform it launched in 2022 after acquiring ESG data specialist Ethos. The new iteration enables greater configuration of data and...
In 2024, the Financial Industry Regulatory Authority (FINRA) expanded its guidance on integrating Artificial Intelligence (AI) within the securities industry, placing particular emphasis on generative AI (GenAI) and large language models. This builds upon FINRA’s ongoing efforts since 2020 to ensure that member firms adhere to existing regulatory frameworks while adopting advanced technologies. The recent...
Earlier this summer, AMD achieved a world-record STAC-T0 benchmark result1 with its FPGA designed for ultra-low latency trading, the AMD Alveo UL3524 FinTech accelerator card, and has now just launched a new card with equivalent performance but half the size, geared towards even broader adoption among high-frequency trading firms. STAC benchmarks are the accepted industry...
Two years after ChatGPT brought Generative AI (GenAI) into the mainstream, financial institutions are still exploring how best to harness this technology within their compliance functions. While the promise of increased efficiency and enhanced accuracy is clear, many compliance teams proceed cautiously, mindful of risks related to data security, regulatory compliance, and the need for...
Since ChatGPT exploded onto the scene in late 2022, financial markets participants have been trying to understand the opportunities and risks posed by artificial intelligence and in particular generative AI (GenAI) and large language models (LLMs). While the full value of the technology continues to become apparent, it’s already clear that AI has enormous potential...
Financial institutions are grappling with a substantially changed operating environment that’s placing novel pressures on their data management processes. As organisations navigate a more volatile global financial picture, many are tacking towards a multi-asset business model that demands new capabilities and expertise. They are also having to bolster their regulatory compliance capabilities, as new disclosure...
Regnology has acquired Agile, the regulatory reporting division of VERMEG, in a move that underscores the growing trend of consolidation in the RegTech industry. This strategic acquisition strengthens Regnology’s capabilities in delivering end-to-end regulatory reporting solutions, while enabling VERMEG to focus on its core strengths in Collateral Management and Insurance. Agile, a SaaS-based platform originally…
Germany’s Baader Bank has added Bloomberg’s ESG data to its feeds as it builds out its Sustainable Finance Disclosure Regulation (SFDR) reporting capabilities in Europe. The bank, which also provides outsourced management for many investment firms’ funds, adds the feed to its array of Bloomberg products, which include the Terminal and B-PIPE. Bloomberg’s SFDR data,…
Insurer MAPFRE’s asset management business has become the first Spanish company of its kind to sign into BlackRock’s Alladin investment management platform. MAPFRE AM will oversee the management of its US$60 billion portfolio of public and private assets on the platform. “The adoption of Aladdin will help us unify all of our apps and to…
big xyt, provider of AI-driven analytics for global financial markets, has formed a strategic partnership with Trackinsight, the ETF data provider. The collaboration merges big xyt’s expertise in secondary market analytics with Trackinsight’s extensive ETF reference data, creating a solution to deliver comprehensive insights into the $14 trillion ETF ecosystem, addressing complexities such as product…
Cboe Clear Europe has received regulatory approval from De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) to clear European Securities Financing Transactions (SFTs). The new service will provide central clearing, settlement, and post-trade lifecycle management for cash equities and ETFs, supporting lenders, including UCITS and non-UCITS participants, and borrowers across 19 European Central…
Banking software developer Temenos has created a generative artificial intelligence (GenAI) product to help users of its technology to better manage and utilise unstructured data stored in their systems. The on-premises product has been built with the NVIDIA accelerated computing platform. Temenos’ proprietary model will sit on the NVIDIA platform, offering users “exceptional speed and…
Alternatives asset manager Marshall Wace has integrated Bloomberg’s IBVAL Front Office as its default pricing engine, underlining the New York-based data behemoth’s eagerness to play a key role in private as well as public markets. Artificial intelligence-supported IBVAL Front Office updates prices on dollar, euro and sterling credit markets every 15 seconds. It is available…
BondWave, a fixed income-focussed FinTech provider, has updated its Effi data insights platform to add new functionality for US Treasury data, trade analysis reports and other processes. The enhancements been made to Effi’s Portfolio Analytics and Transaction Analytics tools also enable users to more quickly access a larger pool of account statistics and analyses. “By…
Private credit and asset-based financing (ABF) technology specialist Cardo AI has raised US$15 million in a Series A funding round led by Blackstone Innovations Investments, FINTOP Capital and JAM FINTOP. The investment will help Milan-based Cardo AI expand its artificial intelligence-supported data and technology offering to markets in the US. The company said it is…
Exegy, the trading technology provider, has expanded its FPGA-based tick-to-trade solution, nxAccess, to include all Canadian equity exchanges. This development enables seamless, ultra-low latency trading across both Canadian and US markets, catering to diverse trading strategies. The enhanced coverage allows Canadian traders to access both market data and order execution across key venues, including Montréal,…
OSTTRA, the post-trade solutions vendor, has entered a strategic partnership with FIS to enhance transparency and efficiency in the exchange-traded derivatives (ETD) post-trade lifecycle. The collaboration will provide OSTTRA’s network of investment management clients with real-time clearing status updates from over 70 global CCPs via FIS Connections, improving transparency in give-ups and exception management. FIS…
Blue Riband Group, the global long/short equity investment manager, has adopted the TS One Risk Module and Portfolio Risk Management from TS Imagine, the financial markets solutions vendor. TS One is a solution purpose-built for investment teams, integrating functionalities such as Portfolio Management, Trading, Risk Management, Compliance, and Operations. Its modular design allows for scalability…
Trading Technologies International (TT), the global provider of capital markets technology, plans to add access to Cboe equity index options on its platform starting early 2025. This development will allow TT’s institutional and professional trader clients to trade popular Cboe index products, including the S&P 500 Index (SPX), Cboe Volatility Index (VIX), Russell 2000 Index…
CQG, the trading technology solutions provider, plans to provide day-one access to the MIAX Futures Exchange, including Bloomberg equity index futures contracts, upon the launch of the exchange’s Onyx matching engine in June 2025. The announcement was made at the Futures & Options Expo in Chicago. This development aligns with Miami International Holdings, Inc.’s (MIH)…
BMLL, provider of harmonised Level 1, 2, and 3 data across global equity, ETFs, and futures markets, has added OPRA (Options Price Reporting Authority) data to its platform. Market participants now have access to six years of nanosecond unconflated OPRA options data, complementing existing US equity and futures datasets. This historical dataset is available via…
Investment data and technology provider Finbourne Technology said it has bolstered its presence in Asia with the appointment of Peter Edwards as head of sales for the region. A former BNY Mellon Eagle sales specialist in Asia, Edwards has been tasked with leading the company’s expansion in the region from Singapore. He’ll be responsible for…
SIX’s head of exchanges Bjørn Sibbern has been named the successor to chief executive Jos Dijsselhof. Danish national Sibbern will take the reins of the Swiss data and trading venue operator on January 1. He joined the company a year ago and has more than two decades experience in capital markets, including roles at Nasdaq…
Rimes has appointed Neal Naidoo as head of investment platform solutions and will lead development of the data management and investment services firm’s Matrix Investment Management Platform. Naidoo, has more than two decades of experience in financial engineering, quantitative analytics and data science at banks including Barclays and Deutsche Bank. He said he aims to…
Artificial intelligence (AI) specialist Alix Jules has been appointed to lead Broadridge Financial Solutions’ AI business transformation unit at its New York headquarters. Jules will be responsible for improving efficiency and productivity at the FinTech provider. With a track record in leading AI-linked initiatives at Google, IBM and Verizon Business, Jules’ experience makes him a…
Broadridge Financial Solutions has appointed David Fellah as Vice President of AI Trading Solutions and Alix Jules as AI Business Transformation Leader, both reporting to Roger Burkhardt, Enterprise Head of AI and Data and CTO of Capital Markets. Based in New York, Fellah will focus on developing AI and analytics-based trading solutions to enhance client…
TRG Screen, the B2B market data and subscription cost management solutions provider, has opened a new Global Capacity Center in Bangalore, India, and made a series of strategic leadership appointments. The Bangalore center aims to enhance TRG Screen’s ability to provide around-the-clock client support, to reinforce the company’s operational resilience, and expand its talent base…
OptAxe, the regulated trading platform specialising in liquidity solutions for FX options, has appointed Chris Smith, a veteran in foreign exchange (FX) markets, to its management team. The strategic hire follows OptAxe’s recent authorisation by the UK’s FCA to operate as a Multilateral Trading Facility (MTF) for FX options, reinforcing the company’s commitment to innovation…
ITRS, the real-time IT monitoring and observability solutions provider, has appointed Ryan Terpstra as CEO. Terpstra replaces Guy Warren, who led the company for over a decade and is stepping down to prioritise family commitments. Terpstra brings over 20 years of leadership experience in technology, most recently serving as Chief Product Officer at ION Analytics,…
Global RegTech consolidator Corlytics, has appointed Graham Howell as Chief Financial Officer (CFO) to support its ongoing global expansion. This move follows the company’s recent growth in the United States and strategic acquisitions, including Deloitte UK’s RegTech platform, ING’s SparQ, and Clausematch. These developments aim to enhance Corlytics’ capabilities in addressing the increasing complexity of…
Global RegTech consolidator Corlytics is ramping up its presence in the US market with a new leadership team for its North America operations. Industry veteran Aidan Houlihan, will head the new team, bringing a wealth of expertise in financial services with over 15 years in senior roles at Napier.ai and BNY Mellon. The leadership team…
DiffusionData, thereal-time data streaming and messaging solutions vendor, has named Raphael Vergnaud as its new Chief Revenue Officer. Vergnaud brings over 25 years of global experience in enterprise sales, previously holding senior roles at companies such as Montrium, Zendrive, and Keatext. In his new position, he will oversee all revenue-generating activities, focusing on sales and…
Investment data management technology provider Finbourne Technology has appointed FinTech specialist Francesca Lubbock as its new chief operating officer, based in London. Formerly holder of the same role at ZoomInfo, Lubbock will focus on scaling Finbourne’s business processes and optimising performance, the company said. She also joins the company’s Senior Leadership Team, which oversees implementation…
SGX FX, the FX arm of the Singapore Exchange, has appointed Hugh Whelan as head of liquidity management and data strategy, reinforcing its commitment to enhancing liquidity provision and advancing data-driven solutions. Whelan, formerly the head of EBS Direct at CME Group, will be based in London and tasked with steering the strategic direction of…
Devexperts, the global capital markets software developer, has appointed Ben Hurley as its new Chief Executive Officer. This leadership change marks the beginning of a new phase of growth for the company, which provides tailored technology solutions to financial institutions and brokerages worldwide. Hurley, who joined Devexperts in 2022 as Country Manager for Ireland, has…
Sustainable Trading, the non-profit membership network dedicated to transforming ESG practices within the global markets trading industry, has released the “LIFE BEYOND THE DESK: Trading Employee Workplace Experience Report,” offering insights into the experiences of 270 current and former trading professionals. The report suggests the need for industry-wide changes in workplace practices, particularly concerning health,…
A-Team Group has announced the winners of it’s RegTech Insight Awards USA 2024. These awards celebrate providers of leading RegTech solutions, services and consultancy and are uniquely designed to recognise both start-up and established providers who are creatively finding solutions to help with regulatory challenges, and span a wide range of regulatory requirements.
Introducing the winners in the Data Management Insight Awards Europe 2024!. These annual awards recognise leading providers of data management solutions, services and consultancy to capital markets participants within Europe.
Decide the winners in the 7th annual TradingTech Insight Awards - Europe 2025! These awards are designed to recognise excellence in trading solutions and services for capital markets and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions.
